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and no entitle. reforms. >> his budget apparently will make no effort to address our debt and deficit. >> we'll sit down with leaders of the congressional budget committee. republican senator rob for theman and democratic congressman chris van hol en. plus, arizona governor jan brewer vetoes a bill that would protect religious freedom over gay rights. bu but other states may take up similar measures. and our power players of the week. they're making the please don't touch signs at mee seuseums a t of the past all right now on "fox news sunday." and hello from fox news in washington. we begin with a fast moving develop. in ukraine. president obama spoke with russian president putin and said the u.s. will suspend planning for the g-8 summit in sochi this summer. britain and france just joined the u.s. but putin got approval from the russian parliament to send troops into ukraine. and the russians have seized control of the crimean peninsula without firing a shot. ukraine's government says we are on the brink of disaster and is asking the u.s. and europe for help. let's get the latest now from
on supporting the middle class then reducing the budget deficit through higher taxes for the bench. he's apparently during the midterm congressional elections in november. obama is calling for more works projects such as repairing roads and railways. he also aims to boost employment by introducing more vocational training. his proposals include tax cuts for lower income people and better pre school education. spending is set to slightly exceed three point nine trillion dollars while revenue is expected to increase to more than three point three trillion dollars as an economic recovery boost tax income. obama says the budget deficit will decline to five hundred sixty four billion dollars the lowest level in his presidency. we go to the side of the road you squeeze the middle class or for going to continue to reduce the deficit is responsible for all taking steps to grow and strengthen the middle class. republican house speaker john bain are strongly criticized the draft he said it was the most irresponsible. he said it would only increase spending and borrowing expanded governments and
. no more bail outs and it will not add a dime to the deficit. 5.5 billion, and money to go to the insurance companies to make up for the fact that not enough young healthy people are applying for obama carry. only 25 percent of those are young and healthy. and marco rubio read the obama care bill and full health care law and found this provision, butied dope inside of obama care section 1342, is authorization for what is known for risk corridors. this means when companies lose money dow to not enough people signing up for obama care as has been the case so far, taxpayers get stuck for the bill. the administration is calling it a temporary poll of money. now, maybe if you believe that obama care wasn't going to cost a dime you buy that explanation. most of the time when the government sends money in companies tdoesn't get the money back. >> i was looking at a summery of the budget proposal yesterday, he conveniently leaves out a chunk of spending. 60 billion in tax credit to finance the private coverage of obama care. i mean, that adds to the the deficit, does it not. >> 60 billion by the wa
even further into record territory. >>> the treasury department says the country's budget deficit dropped to its lowest level in six years, during 2013. the federal deficit was $680 billion in the last fiscal year. that's down from about $1.1 trillion the previous year. cnn global economic analyst, managing editor of "time" magazine. so it's a dramatic -- about 15% drop in the deficit, which is still high, but a lot less than it used to be. what happened? >> well, in short, the country's growing again. we have been in a recovery for the last year. hasn't felt like one to a lot of people, but growing your way out of a deficit is always the best way to do it. that happened during the boom period of the clinton years, what a lot of people have been hoping would happen once we got past the fiscal headwinds in washington, that we get back on a growth path. what's interesting, though, there is actually a cbo study out looking at the longer term impact on budget deficits. and we have to keep growing faster in order to keep it down. we go back to a 2% economy, those numbers will tick righ
convince the american people it would be different this time. >> i will. the worst budget deficit under george bush happened in his last term in office. that's when nancy pelosi was speaker of the house. budget ra $450 billion. president obama blew through those deficits. he had in excess of trillion dollar deficits year after year. what the republicans were able to do in the house is not continue that level of trajectory. has spending gone up? it absolutely has. but the level has slowed down and -- >> i get the feeling, congresswoman, maybe not you in particular, a lot of your party are giving up the fight and keeping the powder dry and hoping at the end of the year pick up more seats in the house and maybe take the senate and you bet you that will be the time when republicans get serious. but is that a lot to hang your hat on? >> well, what we need to hang our hat on is boosting the labor force participation rate. we're at the lowest level ever for anyone over age 16 actually having a job in the labor force and in a full-time capacity. that has to change. and unfortunately the preside
deficit has been cut in half. it allows us to meet our obligations to future generations. from the heard president, deficit picture is looking better. much so that levels will be below where they were before the budget crisis. >> how do republicans react to away from the emphasis on deficit reduction act out >? >> john baeder came out and said that this was the most irresponsible budget yet of the obama has proposed. the president laster put out an all french to republicans and said he was willing to make changes to social security, medicare and other entitlement programs. those are all gone this year. for republicans to look at these budgets in the lines of what the established last year in terms of topline numbers under the agreement, this budget is something that will not move in the house of republicans. are viewed asts more of political documents as opposed to policy proposals. >> that really is right. especially this year. yep midterms coming up in november. the white house wanted to lay out policy priorities going forward to follow through on over the next eight months. the presid
issue right now, deficit, debt, from the ministrations point of view, it is not something are focusing on right now. >> take you for setting the scene. -- thank you for setting the scene. york, our guest host, we have the chart of earlier. it is a massive victory lap. can we get back to a surplus? can we get back to that surplus? >> that is certainly not on the near-term horizon. what is important to note, three years ago the deficit was 10% of tdp and this year, 3%. it wasn't pretty. it didn't look like the civics textbooks, but we have a lot of deficit reduction. we had the ryan murphy agreement. it basically takes fiscal policy off the table for the next two years. barring a dramatic or election outcome in november, the administration will be status quo for 2017. >> are you willing to say austerity in the u.s. worked while austerity in europe did not work question mark -- work? able to register economic growth. it has been sluggish. europe has not been able to pull it off and a big impact of the fed he been the economy supported. >> the former fed governor, wonderful textbook, i don
could save. liberty mutual insurance. responsibility. what's your policy? >>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked and government bailouts became the norm. here is why it is happening. the economy is getting better over the last few years. the deficit has been shrinking. also, we are paying higher taxes. all that means more revenue for the government. the government has cut back on spending. the republicans, they still insist that the budget deficit is still too large. if they are looking for a fight, they may not get it. congress agreed to a bipartisan budget deal. mid-term elections are coming in the fall. a strengthening economy is removing m
when our deficit's been cut in half, it allows us to meet our obligations to future generations without leaving them a mountain of debt. >> woodruff: the 2015 deficit would decline, to $560 billion, but republicans today said the red ink, spending hikes and tax increases mean the plan is dead on arrival. senate minority leader mitch mcconnell. >> rather than put together a constructive blueprint the two parties could use as a jumping off point, to get our economy moving and our fiscal house in order, the president has once again opted for the political stunt for a budget that's more about firing up the base in an election year than about solving the nation's biggest and most persistent long-term challenges >> woodruff: congressman paul ryan, the house budget chair, likewise called the obama plan a disappointment. in a statement, he said: >> woodruff: ryan offered an extensive critique yesterday of federal anti-poverty efforts. he's expected to release a republican budget proposal in the coming weeks. >> woodruff: some of the more notable pieces of the president's proposal, and expected
deficits been cut in half. it allows us to meet our obligations to future generations without leaving them a mountain of debt president obama says his investment ideas planes had much more for the campaign because he proposes cutting back some of the tax advantage is on the investments made by a wealthy americans. the plan would still projected deficit of five hundred and sixty four billion dollars in twenty fifteen three point one percent of the nation's great domestic product that's down eighty five pm from the sea and our budget. it's about chores. it's about our values. as a country we gotta make a decision of former protect tax breaks for the wealthiest americans or four to make smart investments necessary to create jobs and grow our economy. and expand opportunity for every american. the white house chose to announce the budget tax and local elementary school because the green printing phased increase spending on early childhood education republican lawmakers have indicated that they would go all such proposals in the house of representatives which they come to be controlled. they a
don't see it happening. and i see a lot of this idea about how we're going to get deficits under control and in plans in time courtesy of tax hikes, but not a lot of spending cuts. >> well, a couple things. first of all, if you look at this budget, it shows the that the deficits are steadily decreasing, year by year. as you know, we've cut them in half over the last four years. and this budget puts the them on a continuing downward trajectory, number one. >> but they are still relying on tax hikes. $1 trillion worth over the next year. and i'm wondering, where are the savings? because the president and republicans, too, there were no fair players on this, they reversed what were going to be minor cost of living juchlgts in the last deal. they scrapped that altogether. writes the will for getting this under control? >> two things. i think if you look in the medicare area, the president's budget identifies some additional efficiencieefficienc that are saved, that are cut, not by harming beneficiaries, but by reducing and continue to reduce some of the overpayments to the private in
on a severe deficit. the storm brought heavy surf, including a huge wave that crashed into a restaurant in santa barbara yesterday morning. to the south, residents were cleaning up today from flooding and mudflows in the los angeles area. that dropped anywhere from a couple of ifnches to almost a foot of rain on the state. >>> when "nbc nightly news" continues on this sunday, was it murder, or was it an accident? the trial of former olympian oscar pistorius gets under way in south africa. >>> and later, a royal road trip. the first for britain's newest little prince. >>> he is one of his country's greatest athletes, a symbol of triumph over adversity that carried oscar pistorius with his artificial legs all the way to the olympics two summers ago, representing south africa. but tomorrow he faces what perhaps will be his greatest challenge as he goes on trial, charged with murdering his girlfriend. our report tonight from nbc's ayman mohyeldin in pretoria. >> reporter: it's being called south africa's atrial of the century. a star athlete who defied the odds to become the first runner to
quarter. champions league garden after that, desperate not to make too big an advantage -- two big deficit after the advantage. ." you are watching "france 24 our top stories of course the growing crisis in ukraine, the subject of today's inside look. joining us is the director of the polish institute of international affairs, joining us via skype. thank you for joining us, sir. all of this diplomatic wrangling comes a day after u.s. president barack obama warned moscow it was "not fooling anybody" over its involvement in crimea. there have been tough words exchanged between russia and the u.s. will the diplomats be able to overcome that animosity and come to some sort of solution? >> i think it will be extremely difficult because it is a situation where russia has invaded the territory of another country in breach of united nations charter, in breach of the rules of the organization for security and cooperation in europe and in violation of treaties between ukraine and russia. this is a situation that cannot be tolerated by the international community without raising these objections. at
he is recommending for each show agency and the deficit projections for 10 years. they say it will be low work, but how to make at work. obama will not be including the chain cpi proposal. inflation is measured that would have the effect of lowering social security benefits and other federal benefits. the aarp andsed by liberals in congress. arguing itthat out, was a all a branch for republicans. not willing to do a big deal on the deficit in order to get things under control. by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming da
lending that will be done. in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the mos
happen to like, is going anywhere. >> what do you like about it? >> the deficit is going down considerably. >> is that from fiscal reform or from the economy growing? >> i think it is both. the sequester, which i did not happen to think is an intelligent approach, has been effective. have beenwe increasing revenue because of the economic recovery and the composition of the recovery. those two things and some others have resulted in the deficit coming down considerably. it is projected at 3.1% of gdp. it is way down. it was over 9%. we should step back and recognize that is good progress. you could debate who is responsible, but it is good progress. second, some of the initiatives, let's just take infrastructure, are so vitally needed. both sides agree, it is just how to pay for it. it is not going anywhere. senator johnson is right. it is an election year. this budget will just sit there and not be acted on. >> senator, you are saying it does not address the big issues, which you mentioned, entitlement spending. there were no big numbers around cutting social security or any o
that the russian budget is experiencing is that they are having an expanding deficit at $110 a barrel. if we go back several years, they're doing rather well balancing the budget at $60 a barrel. every single increased difficulty in funding export into what is the kremlin our needs and that is a full flow of finance. >> how much substitution can there be? are there ways around the situation? >> no. the energy crisis in the ukraine will become acute and quickly. , thered no difficulty was an arrangement that had been set up between ukraine and russian gas prom -- and russian azprom. there were supposed to be an extension of credit. all of that is over. it is back to cash on the barrel head and ukraine cannot afford to buy natural gas. an lngalking about terminal outside of odessa, but that will not particularly help. one problem people have not really looked at yet is the ukrainians, like a number of people in europe, have been relying on toward coal to offset the natural gas pricing situation. there are some reverberations this morning from the netscape onetsk. internally, we are having an ene
to meet option on the right. address income inequality and further reduce the national deficit. the president's sixth budget will also provide more resources and money toward climate change initiatives and regulating wall street. >> our budget is about choices. it's about our values. as a country we've got to make a decision if we're going to protect tax breaks for the wealthiest americans or make smart investments necessary to create jobs and grow our economy and expand opportunity for every american. >> john boehner calls the president's budget his most irresponsible budget yet. while paul ryan gets on the record saying, quote, this budget isn't a serious document. it's a campaign brochure. >>> over marriage equality, governor steve basheer plans to hire outside counsel. hours earlier, it was an emotional attorney general, jack conway, refusing. he said the appeal this ruling would just be defending discrimination. >> in the end, this issue is really larger than any single person. it's about placing people over politics. for those who disagree, i can only say that i'm doing w
deficit by over six hundred fifty billion over the next decade obama said it was all about strengthening the middle class for job creation and economic growth. obama however is expected to face strong resistance from getting the budget passed by the republican controlled house of representatives. and heading over to southeast asia and intense we've been trying he has been battering many countries in the region for the past few weeks singapore's national environment agency announced wednesday that the country is suffering one of its worst run seasons in history. with every being its driest months since eighteen sixty nine experts say the dry spell friends of race for other food prices and have a negative effect on emerging economies in the region relief may be on the way and seeing sure monsoon season is set to begin at the middle of this month and run through early may. dazzled inter national stories making headlines around the world i'll see you back here tomorrow night. the weather took a step back from spring to winter today here in korea for more let's go over tracking bowed out at t
deficit disorder,
. cutting spending and raising revenues. really important is reform. a lot of the budget deficit is because ukraine has a very high energy subsidies. it pays a fifth of the import price. energy has to rise as well. that's really, really important. it is important for getting rid of corruption. other bits are likely to be stabilization. that's the good news. the final bit is banking sector reform. the exchange rate when it weakens will credit a big hole and that one needs to be filled. >>> take a look at this, would you? is this the future of aviation? investors behind this giant airship believe it could revolutionize oil exploration to disaster relief operations. it will be able to lift 50 tons of cargo. it has been sold back to the british firm. it has won the financial backing of one of britain's most success rock stars as richard wescott has been finding out. >> reporter: inside britain's big of aircraft hangar, something is growing. beating into life the world's longest flying machine. looks like an airship, but it isn't because it doesn't float. what you can see from here is that uniqu
as identify a deficit the military training areas throughout europe and north america are among the richest and most important sites will find that their city. often because they are that it's not open to the general . but also because environmental awareness and whites tactical use of natural resources is encouraged among soldiers military training areas are increasingly recognized as sites of height by a diversity and large numbers of threatened and endangered species. exports from india its beans and nine. listening to it in voyeur into tossing it into a pleasant day the usc is banned the import of indian spices contributed sixteen points and up until the next week i'd like to invite i know that nine placings and you're eighty and maybe share each week six but since it's sunday a baby on the menu she jumped on singapore and the uk. i don't need to destinations for beginning sports it is that the european union to open them on this commendable that the ongoing suffering debt crisis and hold great sports despite these problems from the outside. the european union remains a very attractive
as president. >> the main problem is the fiscal deficit, representing 4% of g.d.p. the government will have to reduce subsidies, resulting in an increase of drifty and transportation costs. cristina fernandez de kirchner's next move will be to convince trade unions to ask for modest wage increases whon others are sharpening their lives for the elections. >> now to the top story in ukraine and the crisis in crimea. we are able to talk to srca markov, a -- srca mark of, a split scientist and member of the russian parliament. some in the west are accusing russia of overreacting. how do you respond? >> i said the west underreacted in what happened in ukraine. in ukraine you can see the military - they are democratically elected ukrainian president yank are a are -- viktor yanukovych, and they are not able to do it. mostly in the government is someone hated bit the majority of ukrainian people. now you see a revolution in the eastern and regions of ukraine. those regions want to be part of ukraine. they don't recognise who took power in kiev. if russian troops intr the territory. they do it to s
and it was his 126th goal at the new camp equaling the home record. and they reduced the deficit for a header. and barsa two other goals came from later in the second half. defender calis and a curler from hernandez stealing the victory and they move barsa into second, i'm richard with al jazeera. >> reporter: dropped points in the chase for a championship and they were held and the penalty was cancelled out. and he stays fifth. and a city manager manual has domestic trouble after they won the english lead cup and it was 3-1 at london stadium and they went through and they sealed the victimry through second half goals. >> translator: the first half was difficult. but it was necessary to remember sunderlund beat chelsea and manchester united and we had to wait because it was difficult but a victory in the final was victory in the final and not a favorite and we won this year and did the work necessary and the fact we didn't win last year was because we didn't do the work needed. >> reporter: in italy syria has gone 11 points clear of second place roma and beat milan 2-nil thanks to goals an
reduced the deficit, two other goals came from two of their stalwarts late in the second half. defender car carlos pulo, richad barth al jazeera. >> it was a thrilling final round at the honda classic in florida where the title was decided in a four man playoff. tiger woods began seven shows behind, but he was forced to withdraw with a back injury. double bogey, four-over 74, missed the eagle putt, for the final hole of the outright win. henley, only second pag victory. >> it was a rush to be out there, playing with rory. i've never played or bean part of the crowd so big. it was just an amazing feeling. i feel like i kind of got them going and it was so much fun. i hope i can have a bunch more sundays just hike that in my career. >> i didn't -- like that in my career. >> i didn't play well enough to deserve the tournament. just wasn't in control. my golf ball coming down the stretch. but you know still had a chance to win the tournament, didn't quite do it, and just had an awkward distance from my second in the playoff and a couple of awkward lies, couldn't make birdie but it's been a
in somebody's life, it shows up there. >> yes, what we can see is there is a deficit in theiar in the ae middle frontal cortex of kids who have ptsd. >> brown: in the developing brain of a child, ptsd can discourage learning. >> so the issue we have with chronic stress, it manifests as a ptsd syndrome or disorder is that some of the areas that are affected are areas that we need for our learning. for example, brain centers that process memory, brain centers that process executive function are particularly vulnerable. so ptsd can have an effect in how children learn brown. >> brown: according to carrion, up to 30% of children who live in low-income, high poverty neighborhoods will show symptoms of p.t.s.d. for every child in our school who acts out, i can look to something in their life that's not working. every single time there's a concrete and sad story about why this child doesn't get what they need. >> bring your arms up, put your left leg around your knee. >> brown: by teaching children to pay close attention to breathing and movements, the medical student hopes they're better prepa
spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it. in that it projects that we're going to raise taxes another $1.75 trillion. >> house budget chairman paul ryan said the president's budget is not a serious document. it is a campaign brochure. and aides say the soon to be le balance. >> mike emanuel live on the hill, thank you. >>> still ahead, what is the ukraine crisis doing to the u.s. space program. >>> first, the primary season kicks off in texas. it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. better eggs. your hepatitis c.forget it's slow moving, you tell yourself. i have
about saving money all the time and being concerned with deficits and being totally driven by that but not being concerned in saving money when people are in jail for marijuana and mandatory minimums that judges have said were awful and for nonviolent first time offenders serving lifetime sentences in jail costing us $30,000 a year. >> comcast is running this ad in new jersey where medical marijuana is legal. >> yo, you want sushi? i got sushi. i got tuna, salmon, sweet shrimp. i got the finest this area has seen in years. >> you wouldn't buy your sushi from this guy so why would you buy your marijuana from him? >> did i mention that it's national pancake day. marijuana, pancakes, sushi. >>> benjamin netanyahu stirred up controversial and joining me to talk, comedian and "daily beast" columnist and friend of the show, dean ovadala. let's start with pot. marijuana has been huge this year and the pot jokes are a gold mine, i'm sure, for your profession as a political comedian. >> on some level it is but i think we've jumped the shark on pot. when pat robertson came out in fro
're right, there are issues out there. i think it's more about deficit spending where they'll try to earn -- try to get janet yellen to see how far she'll go politically. greenspan a little bit more of a political animal. ben bernanke saying we'll not weigh in on that stuff and we don't know where janet yellen comes down, and saying do you know what, you need to bring down the deficits, how you do it is your problem. >> it raises questions about unemployment. that's the sticking point. that's what investors and traders want to hear from her, the whole issue of forward guidance. if you were still there, what would you recommend? how would you switch policy to get away from the 6 1/2 percent unemployment threshold? >> they've been burned. no other way to put it they've been burned on the 6.5% marker, whatever you want to call it, threshold and they'll back away from that. i would think that janet yellen would want to make maximum use of what will be a honeymoon period. i don't think that anybody is going to be going really after her hard. it's too early to do that. and there's nothing reall
term on trying to boost job growth. over the ten-year window you will see steadily declining deficits. at the end the period i think you'll see a declining debt-to-gdp ratio. that's the right trajectory. >> yesterday we had warren buffett on the program. he said he thinks the proposal would be to boost the earned income tax credit even more, expand that in a bigger way. that's a way to boost wages for people that are working without looking at job losses by raising the minimum wage. how about offering it to a wider variety of people and taking the minimum wage proposal off the table? >> these things are not mutually exclusive. there's no reason you can't work at both ends here. >> is it something you would offer if you did a broad -- not what you're talking about right now, but boosting the income tax credit in a big way, offering it across the aisle as a way of finding compromise, in instead of looking at one from another. i think that would be something republicans would take on heartily. >> we're willing to consider any ideas republicans put on the table. the president is putting t
loss since the bailout in 2008. 15 billion-dollar deficit for last year. he calls rbs the industry's least trusted leader, does the ceo. >> the bank. the largest bailout in europe. still owns the vast majority of the bank and is still pulling the strings. >> by the way, wire pros playing in the olympics? >> that is what the nhl is asking -- the players love it. >> the players love it and flagwavers love it, i am not fair -- sure it is fair to college athletes. >> we need to go to the ukraine. we spoke with the new leadership to read good morning. >> good morning. his name is arseniy yatsenyuk, the prime minister designate. inis about it -- to be voted as the interim prime minister of the country for the next few months. parliament is still chewing over this decision. >> how front and center is crimea to the management in kiev? >> very front and center. i was standing in the parliament here in kiev. meanwhile, in the crimea, the parliament had just been seized by a group of about 100 gunmen. i asked the prime minister about that and he said it is the first crisis he has to deal with
trying to cover a 142 million dollar budget deficit. also several board members went on record today saying the district need to look at ways to use toll money to help fund suicide barrier. take that up at the next board meeting in march. >> well this week rain still is not enough to end the worst drought in state history by any means it helps however. this is video of phoenix lake reservoir in marin county. officials say reservoir there are at 70% of capacity. usually about 88 percent this time of year. they will reevaluate in april but officials say because of the rain it's unlikely they require mandatory rartion okay meanwhile the customers will be asked to voluntary reduce water by 20 percent. that never hurts right. >> and the weather service announced that as of today we have now moved from the worst drought in california history to the second worst drought. so still bad but at least we are now financially moving in a more positive direction in terms of the rain. spencer is tracking even more of it from live doppler 7hd and roof of the broadcast center. >> that's right. i
the biggest deficit of our lives since the cold war ended. >> pressure is on the mid-west to do something. >> this will get worse before it gets better. >> you got to believe it's over. >> we have to be in this for the long haul. >> it's now unclear just what the west can do about it. >> john kerry arrived in ukraine tomorrow. >> putin is not going to back off this w
a dime to the deficit. >> the president also wants to expand the earned income tax credit for the working poor without children. his budget would also expand the child and dependent care tax credit and create automatic iras to help workers save for retirement but it's unlikely those plans will get through congress. he needs legislation to enact all of that and that does not look likely. >>> global markets are rebounding today as investors digest the situation in ukraine. even the dow jones flew out of the gate this morning. alison kosik is over at the new york stock exchange. how much have we bounced back today? >> quite a bit. what a difference a day makes. even the s&p 500 at a record high. the dow up 200 points, 205 points. all 30 stocks in the dow are in the green. very different story yesterday. it was a sea of red. we also saw that turn-around happening overseas, all the way -- there were those down arrows we saw yesterday in europe, asia, russia, they all turned up today. analysts say investors today aren't on red alert. it's not such a dire situation. i think when putin spoke and
a lot of money, in part, due to the sequester, and it's led to lowering and lowering the deficit. if you put that in the context of what the budget proposal suggests, it's only a modest increase in spend, talking about 56 billion, like you mentioned, split between defense, nondefense, and it's paid for. we established that the budget agreed to by patty murray and paul ryan, those spending levels stay in place, and you'll use a few other tax hike is to par for $56 billion to relieve s sequestrati sequestration. we have a piece coming up that shows nih will be funded at 30.2 billion. that, in real term money, equivalent to the level that george w. bush funded nih in 2002. we're not making people whole. we're lagging pretty badly. but as if you were to look at what republicans are saying, this is the most reckless spending possible. >> sam, on that note, the president say, our budge it is about choices, about values and this is expected to go nowhere, it's a moral document in the most sort of clear fashion from the white house. at the same time, you know, the president puts this out there a
on the largest deficit is one that is pretty sudden. they will behind going with the smaller parties and it is like a game of cricket. but they really want to see is to find the stable location that will bring in certainty and bring it back to the table. we will see that by the 16th of may. the upcomingout indian elections. >> when we come back, we will hear more about microsoft and the somebody who knows a thing or two about it. stay with us here on "countdown." ♪ >> welcome back to "countdown." microsoft former chief executive steve ballmer speaking one month after leaving the tech giant and bloomberg was there. for more, let's bring in caroline hyde with the details on what was a fascinating evening. >> wait for it. wait for it. there, on the bottom right. >> bloomberg presents the oxford union debate. with bloomberge having this relationship with the oxford union and he was fascinating. this is the first time he was x ceo. speak as the he is still on the board and one of the bigger shareholders but no longer running a. he spoke very eloquently about the concern that he did not
of the city as a whole so that we instead of seeing elderly new yorkers as a deficit, as a problem to be solved. instead we say the world is fundamentally a changing place, we're living longer, were living healthier and older new yorkers now are here in numbers that have surpassed anything in history. >> sreenivasan: one key ingredient to the initiative is listening to seniors, according to ruth finkelstein of the new york academy of medicine. she leads the initiatives private sector efforts. >> everything we do is grounded in the perspectives and voices of older adults. the first thing that they have to realize is we don't stand in the shoes of the people that were addressing and that we need first and foremost to understand the city through their perspective. >> sreenivasan: the program is now up and running in all five boroughs, including manhattan, where we met up with ed and sarah aarons. they cant imagine living anywhere but here. >> and i can't conceive of having the facilities and conveniences and the excitement as other places. >> the only two places he would like to live
in the second half. the cowboys overcoming a deficit, shooting 64% from the field. the finals 72-65 osu. virginia continues to be one of the surprise teams. they beet syracuse outscoring the orange. celebrating an amazing season on senior day in charles otsville. the cavaliers had the first out right a.c.c. title in 33 years. the orange dropped three of their last four. >> on the links, tiger woods is trying to make noise after barely making the cut at the honda classic. woods beginning the third round it 11 shots behind rory mcilroy. china charged up the board, posting seven birdies. woods jumped 49 spots. seven behind the leader entering the final round. >> finally tempers flare in the english premier league. the manager, al-alan pardew ped butting david meyler. he wassest jected and -- he was ejected and finned $168,000. >> sydney's gay and lesbian community celebrated the mardi grass parade. more than 10,000 watched the spectacle. the australian navy band marched alongside secondly clad dancers. [ ♪ music ] >> crowds filled the streets of rio de janeiro for its mardi gras parties
in new tax. he cuts the military greatly in my opinion not for deficit reduction but for more domestic spending. it just shows the priorities have moved farther to the left and the point i'm trying to make here we have three years left of this administration and we have divided government. normally in a situation like that you would try to fine common ground, work forward common ground. he's moving away from that and tacked hard to the left. yes you could say that's because we're in an election year and that may be why. it's happening nevertheless. i don't know the reasons but he's moving to the left and it makes it hard to bridge to the gap. >> democrats will say they have tried to extend a hand and have not been reciprocated. >> we have a budget agreement. i want to see us build on that success. >> give me a preview of what the paul ryan budget will look like. in years past a lot of the saving have come from overhauling medicare and medicaid. are those proposals include in the paul ryan 2015 budget. >> those programs are going bankrupt and need to be restored, need to be solvent beli
about it first watching the television. there is a trust deficit here. when kerry asked if he trusted putin, he said, wolf, there is some value in putin and that's why you keep hearing from u.s. officials they are going to keep watching what russia does this weekend. we know they are watching closely from the air, from the ground to see if the troop movements amount to anything where they go into the country. >> reminds me sort of the worlds of ronald reagan's in the '80s, trust but verify. >> that's right. john kerry says verify, verify, and then verify. >> the situation is tense. jim sciutto, thank you very much. more on the rising tensions in the u.s. but just ahead, former chris christie aides contain new information about the bridscand and they are sparking new outrage. in fact, they depend on a unique set of nutrients. [ male announcer ] that's why there's ocuvite to help protect your eye health. as you age, your eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite is a vitamin made just for your eyes from the eye care experts at bausch + lomb. ocuvi
, imbalances you have because of the current account deficits, you need to keep monitoring fiscal policy quite tight. you have to be a lot deeper into the upcoming fiscal year before you see contraction growth and that has to come on the back of implementation of projects, some of the economic reform issues that have been announced since may 2012. >> so i guess may is the key if we're looking for measures like this to be introduced. do you think that's going to be a turning point for the country? >> well, i think there's a few questions about will the government get enough of the mandate and therefore be able to, on the back of that, implement policies, but that remain toes be seen. so it might not be easy for some of the incumbent parties to necessarily muster the vote they need to have. but it's true, post elections, you know, in principal we should be more a possibility to get more on the petition side of these policies, let preoccupation with elections nearing, if you will. the kick start of the investment cycle, all of that cannot be turned on overnight. it takes a while before these type
to this aid. difficult steps need to be undertaken to right size gas prices and trim budget deficits, but ukraine should be given a long enough lease so that these necessary reforms don't strangle a nation today dealing with threats to its very existence. second cry me i can't. -- crimea. they have invaded and the very accord they signed guaranteeing crimea's territory. no doubt president putin was sore and no doubt he didn't like the fact that the united states voiced its strong support for the right of a sovereign ukraine to make independent decisions about its future partnerships and no doubt he is infuriated that the ukrainian people are now on their way to getting their way. but this is not a schoolyard. you don't get to push around weaker kids just because you don't like them. this is the 21st century. the reason we belong to organizations like the united nations or the reason we negotiate treaties like the budapest memorandum is because we now understand, after centuries of european war, how destabilizing this kind of behavior is. the irony for russia, of course, is that this
mentioned his work on repairing the state's budget and job creation. brown turned 25 billion dollar deficit in 2011 into a surplus this year. his approval rating is at an all-time high at 58%. the state's open primary is in june. >>> on the cover of "people" magazine, paula deen is opening up about her scandal last summer. in the interview she says i feel like embattled and disgraced will always follow my name. it's like that black football player who recently came out. he said i just want to be known as a football player. i don't want to be known as a gay football player. i know exactly what he's saying. deen is referring to nfl prospect michael sam. i just don't think this works! i think maybe she ought to try something else, joe. what do you think? i'm wondering if perhaps she might want to just stay away from talking. >> i think she really should. it's like that. >> talking thing is not working for her. >> it doesn't work. >> it's like that black football player? >> black football player as opposed to one of the white football player. it's like that black football player. >> she started
so we expect the lira, the current deficit is an issue in turkey and we expect the currency to remain weak so we have to consider that when making investment proposals, we have to assume a little bit of, not a currency strengthening anyway, probably weakening if anything and brazil is a problem for currency from that point of view and equally as a sterling uk investor we find the dollar quite cheap so we find u.s. assets quite interesting at the moment. what goes around comes around i guess. >> reporter: thank you very much for joining us. julia, that is from here. we'll be back in an hour with another interview. for now pack over to you. >> thank you, great to chat to you. >>> the bitcoin exchange mt. gox received a subpoena from prosecutors in new york, asked the company to preserve certain documents. ceo mark capellas issued a statement saying the business is at a turning point. japanese authorities are looking into the matter but don't have jurisdiction after the mt. gox website went down. >>> still to come, the british economy returns to focus as investors await the second meetin
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